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Standard Appliances obtains refrigerators for $1,530 less 27% and 7%. Standard's overhead is 20% of the selling price of $1,595. A scratched demonstrator unit from

Standard Appliances obtains refrigerators for $1,530 less 27% and 7%. Standard's overhead is 20% of the selling price of $1,595. A scratched demonstrator unit from their floor display was cleared out for $1,205. a. What is the regular rate of markup on cost? b. What is the rate of markdown on the demonstrator unit?

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